Intuitive Machines (LUNR) Shares Rise After Analyst Upgrades Price Target
On September 21, 2026, Intuitive Machines Inc. (NASDAQ:LUNR) shares rose by 12.93% to close at $15.72 per share following a positive analyst note from Cantor Fitzgerald. The firm reiterated an overweight rating and set a price target of $32, implying over 100% upside potential for the stock. This upgrade came after Intuitive Machines successfully delivered its SXM-11 satellite to SiriusXM in June as part of their ongoing partnership. The company also announced a new contract to build two IM 300 series platforms for an undisclosed customer, expanding into a new market segment and showcasing the versatility of its modular spacecraft design. However, institutional investor confidence appears mixed; while more hedge funds added positions during Q2 2026, their combined holdings in LUNR dropped by 8.9% to $530 million from $582.9 million a quarter earlier. The positive analyst outlook and new contract highlight Intuitive Machines' growing capabilities in the commercial space sector but are partially offset by reduced institutional ownership.
Topics: Cantor Fitzgerald contract award Intuitive Machines SXM-11 satellite